French state-controlled power group Electricite de France SA (EDF.FR) owns 7.2% of U.S.-based Constellation Energy Group (CEG), the group noted Thursday after U.S. electricity company Exelon Corp. (EXC) announced it agreed to buy Constellation in a stock-for-stock deal valued at about $8 billion.
French state-controlled power group Electricite de France SA (EDF.FR)
owns 7.2% of U.S.-based Constellation Energy Group (CEG), the group noted
Thursday after U.S. electricity company Exelon Corp. (EXC) announced it agreed
to buy Constellation in a stock-for-stock deal valued at about $8 billion.
"EDF still owns 7.2% in Constellation and also owns 49.9% of its nuclear
assets, through CENG, a joint-venture," a spokeswoman for the group said. She
declined to further comment the Exelon announcement.
Chicago-based Exelon is one the country's largest electricity companies,
delivering power to about 5.4 million customers in parts of
Illinois
and
Pennsylvania
. It
also owns and operates nuclear plants in the U.S.
Baltimore, Md.-based Constellation has power generation assets in several
states including
Maryland
,
Pennsylvania
,
Alabama
and
Texas
. The
company will have to receive approval from state regulators in areas where
Constellation operates.
The combined company will retain the Exelon name and be based in
Chicago
. Following
completion of the deal, Exelon shareholders will own about 78% of the combined
company, while and Constellation shareholders will have about 22%.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01